General Discussion
Related: Editorials & Other Articles, Issue Forums, Alliance Forums, Region ForumsTrump's business partner in cryptocurrency
This segment discusses Chase Hero a "self-described dirt bag." He says, "You can literally sell shit in a can wrapped in piss, covered by human skin for a billion dollars if the story is right because people will buy it and that is what is going on in crypto space."
He was a weed dealer, went to jail, got into online marketing and was selling colon cleansers. He has a $149 a month get rich club and he is Trump's crypto guru.
Baron has 4 wallets and learned from Martin Skrelly (SP?) who just got out of prison for securities fraud.
Why is no one in the media except here, talking about this?
senseandsensibility
(19,546 posts)they were about seeing the medical reports from the first assassination attempt.
tetedur
(950 posts)Timothy O'Brien says," Trump is saying the banking system and the institutional banks and the architecture that's been built to support currencies and reliable transactions isn't to be believed and that you should go along with him and invest in crypto and that's your way out from underneath the oppressive thumb of institutional bankers."
(I feel like I need to scream but I have no mouth.)
keithbvadu2
(39,113 posts)The big money return in crypto is:::
1. Starting it, hyping it, selling it, and getting out, leaving the
suckers holding the bag.
2. Handling/storing it for others.
...a. Not your own money/crypto. Someone else's money/crypto.
...b. Lots of fraud/money manipulation/theft/lack of regulation.
3. Backed by trust/faith/great promises/optimism... but no
real assets.
4. It can literally disappear and good luck with lawsuits.
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A few have profited by 'investing' but not the majority.
Yes. Shorting can have its own complications with poor regulation.
https://www.businessinsider.com/personal-finance/investing/can-you-short-crypto
tetedur
(950 posts)To me the scariest thing he said is he intends to make the U.S. the crypto capital of the planet and create a bitcoin strategic reserve using the currency that the government currently holds.
He is also promoting decentralized finance, or DeFi, which is a general term for using public blockchain space to disrupt the traditional finance world.
He has vowed to block the creation of a Federal Reserve-administered Central Bank Digital Currency which is a digital form of central bank money that would be available to the public. Crypto advocates oppose a centrally run digital currency.